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20121219
20121219
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and this brings back sweet memories of when china was very isolated during the cold war. in the end, there's a whole new generation of people who have been much more sophisticated understanding, but that i would say it's a very strong autonomic response to the united states beefing up its forces in australia and then they wake up one morning and burma has flipped on them. it was eternal in terms of their faithful allies. these things caused a lot of consternation. so the old fear of diagnostically speaking in china is to fear with sand and travel without. these things happening around them excite them. >> how much does it add to that anxiety is that all? >> is the most problematic relationship now in japan and this is not good. i have to say i think japan probably hasn't played this as well as it might have, but i think on the other hand it would be fair to say also that it serves china's purposes to have something happening outside his orders which can rally people at home. there's a lot of complex things going on in each of these reactions to foreign movements outside. >> which ma
.s. has slapped duties on wind turbine towers on china on price its says were unfairly cheap. this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of con
tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swis
. china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and
invited a number of us to go with them to china. it was quite an experience. senator stevens, of course another world war ii veteran, had flown the first cargo plane into what was then the king in 1944 and of course senator inouye was well regarded in china for that service. so the group of senators, there must have been a dozen of us from both parties, got more time with mr. hu and mr. wu the one and two leaders of china than almost the present of the united states would have. we recorded almost every -- because of the presence of senator inouye and senator stevens. they were like brothers. they called one another brothers. they acted that way in private and they served that way in the senate as chairman and vice chairman and chairman and vice chairman of the defense appropriations subcommittee. day, over a number of decades, single-handedly changed our american defense posture and they did it with skill and patriotism and knowledge of our structure that very few could have. several senators have mentioned how bipartisan dan inouye was. he was of the old-school. not a bad school for
as in china we went and helped people in small businesses that have been wiped out temporarily to be able to come back, our fishing people deserve emergency assistance to tide them over and help them through this most critical time. i would turn to the senator from alaska and the senator from new hampshire, and ask what that means to the state of new hampshire if she might share with us. mrs. shaheen: my friend from massachusetts understands the challenges we have in new hampshire, as does senator whitehouse from rhode island, because, in fact, fishing is one of the oldest industries that we have in new england. and new hampshire it dates back over 400 years. because we have a much smaller coastline than massachusetts and rhode island, we have a smaller -- smaller group of people who earn their living through fishing, but they have smaller boats, and therefore they're more affected by some of the fishing regulations and some of the adverse weather conditions that have affected fishing. about 90% of the fishing that new hampshire's fishermen do is for cod and cod is the species that has be
and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality the naval fleet -- reallocating the naval fleet to achieve a 60-40 split between the pacific and atlantic oceans. hopefully will do that by 2020. increasing army and marine presence in the region, after iraq and afghanistan. locating our most advanced aircraft in the pacific, including the deployment of f-22's and the in the 22 ospreys in japan. and laying the groundwork for the first overseas deployment of the f-35 joint strike fighter in 2017. the third element of our strategy is that as we do force projection in the asia-pacific and in the middle east, we still have to maintain our global leadership and presence. i building innovative partnerships and partner capacity across the globe, and using these innovative rotational deployments as a way to do exercises and training with other countries, developing their capabilities so they can help provide for their own security. in latin america, in africa, in europe and elsewh
Search Results 0 to 6 of about 7

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